Transport electrification effect of recent battery cost reduction and future emission scenarios

The research examines the sensitivity of electric vehicle (EV) adoption to battery costs, finding that EVs only achieve a significant global market share of 15% or more when battery costs drop to 100 $/kWh or less. While battery costs have fallen faster than previously estimated, the transport sector remains a more challenging area for greenhouse gas emission reductions compared to other sectors.

• Electric vehicles only achieve a significant global market share of 15% or more within the study's model framework when battery costs reach 100 $/kWh or less, indicating that the effectiveness of policy incentives is heavily dependent on these battery floor costs.
• Battery costs for electric vehicles have decreased more rapidly than previous empirical literature had estimated, leading to adjustments in future cost projections and highlighting the uncertainty of cost development for the low-carbon transport transition.
• Integrated assessment models indicate that reducing greenhouse gas emissions in the transport sector is more difficult than in other sectors, although the transition to electric vehicles could substantially lower passenger road-transport emissions.

APA

Stockholm Environment Institute (2018). Transport electrification effect of recent battery cost reduction and future emission scenarios. https://www.sei.org/publications/transport-electrification-effect-recent-battery-cost-reduction-future-emission-scenarios/

Chicago

Stockholm Environment Institute. Transport electrification effect of recent battery cost reduction and future emission scenarios. 2018. https://www.sei.org/publications/transport-electrification-effect-recent-battery-cost-reduction-future-emission-scenarios/.

Wikipedia

{{cite report |author=Stockholm Environment Institute |title=Transport electrification effect of recent battery cost reduction and future emission scenarios |date=11 September 2018 |url=https://www.sei.org/publications/transport-electrification-effect-recent-battery-cost-reduction-future-emission-scenarios/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stockholmenvironmentinstitute2018transport, author = {{Stockholm Environment Institute}}, title = {{Transport electrification effect of recent battery cost reduction and future emission scenarios}}, institution = {Stockholm Environment Institute}, year = {2018}, month = sep, url = {https://www.sei.org/publications/transport-electrification-effect-recent-battery-cost-reduction-future-emission-scenarios/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }